INVESTOR UPDATE

Favourable Hydrogeology Results at Alford East Copper-Gold ISR Project

The directors of Thor Mining are pleased to advise the results from our initial pump test for preliminary hydrogeological assessment at the Alford East Copper-Gold Project, SA.

Project highlights:

  • Initial aquifer pump test successfully completed.
    Copper-gold mineralisation at the test site is saturated below the water table;
    essential for ISR production.
  • Groundwater salinity reports in the range of 15,000 – 55,000 milligrams per litre total dissolved solids (mg/L TDS). This is classed as saline and precludes agricultural or potable use.
  • Ground water is alkaline with pH – 8.1. This is ideal for trial lixiviant glycine.
  • Short term pumping tests demonstrated consistent water flows suitable for ISR
    production.
  • The host rock is permeable
  • This work is all co-funded by the SA Government Accelerated Discovery Grant(ADI) of A$300,000

Pump testing of our initial water bore has shown favourable water characterisation and permeability for potential In Situ copper-gold recovery at our Alford East Project. This is positive news as we progress the project towards ISR assessment and development of an environmentally, low carbon emission alternative to conventional open cut and underground mining.

- Managing Director Nicole Galloway Warland

ABOUT THE

ALFORD COPPER PROJECTS

Thor Mining has an interest in several projects in the copper belt near Alford on the Yorke Peninsula in South Australia and further to the east at Kapunda.

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